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.s. are expected to have slowed significantly in november as hurricane sandy battered the economy. and euro hits a session low, 0.4% as problems in europe's periphery continue to weigh. a powerful 7.3 magnitude earthquake has struck across japan's northeastern coast. the quake rocked buildings as far as tokyo according to reports. u.s. geological survey said there was no threat in the wider pacific ocean. the yen has been rising to a session high before we got details of that. and right now, you can see dollar-yen at 82.39. 82.17 before that happened. some safe haven in-flows into japanese currency. if there was going to be a wave in terms of tsunami that was going to hit, it would have happened around five, six minutes ago and she had yet to see any specific drop or change in the sea level. so we'll hope that that continues on that particular way. atomic power says no irregularities seen at its nuclear plant. operations are normal after the quake. so we'll keep our eyes on that. and we'll see if there's any further reaction, as well. hurricane sandy is expected to have put a big department in t
pills. welcome back everybody. help is on the way for hurricane sandy victims in washington. getting that money approved will not be easy. >>let white house sent letters to john boehner and harry reid requesting 60.4 billion saying after hurricane sandy they're funds necessary to finance. and there is impants . in dc money is quiet . speaker boehner said we have the request and we will view it they need to make sure they don't spend too much money they don't should saying it is our responsible to make sure they are giting the most . that i can sure they are times and targeted. governors of new york and jers. asked for it 79.billion and this is well short of governors and senators are thankful for the money and senators say it is it a tough fight in the congress given the fiscal cliff . members are not friendly to disaster relief. but the care has given a good head start. president obama signed an executive ordering the tax force . it will be shared by the secretary of housing and urban. >> and tough words from mike huckabee. when it comes to the bible. american is ignorant. >> news a
department says sandy had only a minimal effect. is it true a clean number and what are conspiracy theorists saying. >>> a comment hastings made last july. what does it say about s.e.c. rules and whether they are out of date. >> mcdonald's will post same store sales on monday gets an upgrade to buy taking the forecast to a street high after surveying franchisees. we begin with november jobs number. 146,000 nonfarm jobs added last month above forecast of 80,000. october and september payrolls were revised lower. unemployment rate fell by 0.2 to 7.7. that's the lowest in four years. the dip occurring mostly because more people stopped looking for work and were not counted as unemployed. as for hurricane sandy, the labor department says the storm did not substantively impact the november results and that probably was the biggest surprise to everybody. >> this is a very strong number. i think only u.s. government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's
on hold or they are working part time for economic reasons what about super storm sandy. analysts say it cut slew of hours. 67,000 americans with full-time jobs worked part time for weather-related reasons. in november, after the storm, that number spiked to more than a million people. traders on wall street said at first they didn't know what to make of the data. but boy the end of the day the dow you was up 81 points to close above 13,100. ed henry is live at the white house with the rest of this story. in good news and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basicall
held a hearing on fema's response to hurricane sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy which struck the northeastern united states on october 29, as the largest-sized storm system in u.s. history. hurricane sandy claimed the lives of more than 120 americans, destroying over 340,000 homes. and over 2 hub,000 businesses and leaving more than 8.5 million families without power, heat or running water for weeks. and i understand in a few neighborhoods and in a few buildings in new york and new jersey that still is the case. the scale of this disaster has created significant housing and transportation challenges and a successful recovery will requ
is that sandy had no substantive effect on the data. here are the numbers. unemployment down to 7.7%. the economy added 146,000 jobs, not great but good. a third of that came from the retail sector. 53,000 jobs added. professional and business services up 43,000. leisure and hospitality up. construction, though, lost 20,000 jobs. we should note that jobs numbers were revise d downward, though, for september and october. in september it was revised from 148,000 gain to 238,000. went from 138,000 to 132,000. this month, the 7.7 is a full point lower than where we were at this time last year. so what are we supposed to make of these numbers and does the november report provide us a real sense of where this recovery is right now? let's bring in the man we like to bring in every month, the chief economist for moody's analytics. mark, i have to start with this sandy impact. the labor department specifically put out a statement saying our survey response rates and the affects ee eed states. it did not affect estimates for november. do you believe that? >> i'm skeptical. i mean, new yorke
at the economic recovery, but how accurate will the numbers be in the wake of hurricane sandy? >>> the nfl commissioner is considering eliminating the kick off ya in football games. would it make the game safer. >> coy wire is a sports analyst. chad sweet is a former cia director of operations. and ken baer is a white housed a virus. todd carmichael is the host of dangerous grounds. howard kurtz will join us. and economic diane swonk rounds things out for us today. "starting point" begins right now. >>> good morning. welcome, everybody. let's begin with developing news this morning. a tsunami threat to tell you about was just lifted in japan. the country was rocked by a powerful 7.3 magnitude earthquake. it hit off the coast of tokyo. the buildings there shaking. you could see some of the video showing the degree to which they were shaking. alex, what's the latest? >> reporter: it has been a very, very tense few hours here in japan after you mentioned a 7.3 magnitude earthquake striking late here in the day on friday. but just in the past 90 minutes or so, the all clear has been given. the
sandy, but as drivers rush to replace them, you may be forced to pay a higher price. >> huh. a car salesmen or congressmen? who do americans trust the least? the new numbers and lou dobbs taking up that up. >> how apple is expanding its empire into the crib. >> my goodness. there's little siri there and little macbook. goinged to floor of the new york stock exchange, and, lauren, economic data, down just a little bit in the red today, down 22 points 37 >> yeah, it is the first trading day of the new month. december, a strong month historically for the stocks, but there's a push and pull going on between market forces and the economic data, and we're in the red across the board, relatively flat this monday morning. the data, u.s. manufacturing activity last month lowest level since the summer of 2009, but then we got a construction spending report that was good. in october, it rose by the largest amounts in five months, and then we got auto sales throughout the morning, and while they were decent, gm, toyota, and chrysler missed november's estimates, but ford beat them. that's the d
, the jobs report is expected to be very dismal, about 75,000 net jobs. some of that is because of sandy, but housing market is rebuilding, it's recovering. that makes people feel more wealthy. this retail season is going to be very critical. it's going to tell us a lot. stocks could go up on that. we have some tail winds but right now there is a lot of question marks. >> gregg: brenda, we'll talk about sandy and impact on the economy in the next hour. you can catch brenda "bulls and bears", 10:00 a.m. right here on the fox news channel. >> heather: coming up, investigators finding the case of a new jersey train derailment. it left on the dangerous gases spewing into the air. an important week for the administration. president obama expected to start announcing picks for his new cabinet but with ambassador susan rice stirring up controversy who is in and who is out? our panel weighs in. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a tr
was on an island shooting "survivor." >>> after heading to d.c. to ask for aid for superstorm sandy damage, chris christie explains his change of heart to president obama days after the storm and days before the presidential election. check out what he told jon stewart on "the daily show." >> people have different skill sets at different times. >> i see. so he wasn't a leader until you needed leadership. >> maybe until -- maybe until he was presented with an opportunity to lead. >> all right. >> critics call it a step towards union busting. protests against a proposed new labor law in a state known for organized labor. we are live from michigan next. >>> and call it man versus python. the state of florida needs your help to kill thousands of massive reptiles. why does this sound like it may not end well? they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toot
economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immediately. the deadline is this month for some workers. for more affirmation, call 288- 9050. >> 33 degrees at the airport. after some criticism, could apple be in sourcing its next big project? >> will you be putting fewer gifts under the christmas tree this year? >> a day that still lives in infamy. the anniversary of the attack on pearl harbor. >> scattered showers today. >> more and more motorists >> more and more motorists getting out on the area roads ♪ oh, what fun it is to ride... ♪ get in the holiday spirit with dunkin's peppermint mocha, new white chocolate, or gingerbread flavors today. america runs on dunkin'. >> we take a look outside. clatter skies. 42 degrees downt
, the founder of mcafee on the run and we are trying to track him down. the most vocal of sandy's victims is blasting back. find out why coming up next. >> we are the people that are the middle class. ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. you're eligible for medicare, you might ow it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find ouabout an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs
no effect, as many had expected, from hurricane sandy. this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wast
this in perspective, one former cbo director says the costs of hurricane sandy could easily wipe out most of next year's savings. >> with a trillion dollar deficit right now. so if you cut 94 billion and nothing else changes you barely dented the deficit. the other programs are growing. we'll not see spending decline. in fact we'll likely have a emergency spending bill for sandy that is 60 billion. 94 is gone right there. >> even with a trillion dollars in cuts federal spending is on the way up every year starting with 3.5 trillion this fiscal year. nearly 3.6 trillion in 2014. 4 trillion by 2016 and 5 trillion by 2021. the cbo says even allowing 5 trillion in tax increases to hit the economy the next decade the federal government still spends $2.3 trillion more than it takes in. back to you. melissa: oh, rich edson thanks so much. adam: you think with the physical problems the country faces zooming at us like a 1959 he had sell going at us on a one way treat there would be sense of urgency. president obama has no meetings, no public appearances on the issue planned at least so far today. brad blakema
was a smart man. $60,000 for a ticket to sandy relief concerts that's happening thanks to shameless scalpers. how much money from the victims of the super storm actually see from that concert? it's the most watched video on the internet. he he is set to perform for the president. wait until you hear what he said about our soldiers. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >> welcome back to "fox & friends" on this saturday morning. it is the song that's taken the world by storm. this song, gangnam style song on youtube has been watched over or close to a billion times worldwide. making
more than a month now since super storm sandy unleashed a surge of water that destroyed neighborhoods upon neighborhoods along the east coast. all these weeks later we are feeling the effects of the storm. how sandy really flattened the economy. and what did america's children do to deserve this? fox reports on a program that will require students in several states to spend hundreds more hours in school each year. plus the new plan to save a small town doctor from extension. --ti extinction. that is a cust. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. humans -- sometis life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about sang up to 10% when you combine your auto and home insurance with liberty mu
politicians for decades didn't heed warnings about what could happen if a superstorm like sandy came ashore. katie? >> reporter: good evening, lester. there was a 14-foot storm surge here on lower manhattan, completely submerging this subway station. the damage is so bad here, they don't know when ore if they'll ever by able to open it. swamped subways. >> a record storm surge here in the new york city area. >> reporter: massive power outages and beach front neighborhoods leveled. while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's preparability saying the sea level rise will progress regardless of new york's response. officials dealt with problems like housing, gas sh
hurricane sandy, a look at the superstorm's impact in part of maryland up next. >>> this is a 9 news fiscal cliff note. fact, if congress and the white house don't reach an agreement, your pay economic is going to go down. the reason? because the tax withholding in your paycheck will increase. here's the back story. the current payroll tax cut is set to expire december 31st. in dollars and cents this means your payroll tax withholding is going from 4.2% to 6.2%. now why is this happening? many of the policies expiring at the end of the year like the payroll tax cut and emergency unemployment benefits were originally passed on a temporary basis. the thinking was that the economy would be in much better shape by now and the policies could expire without causing a recession. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> sources tell the associated press president obama will ask the congress for $50 billion in the aftermath of superstorm sandy. now the late october storm was one of the worst to ever hit the northeast section of the
to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing production by 11%, and gm holding off on sales forecasts because they are worried about the cliff. look at the numbers. as lori said, gm up 3%, ford up 6%, chrysler up, 30th consecutive month of increases for chrysler, toyota up 17%. gm did well with small cars, we're getting to the point in the country where cars are # getting so old, 11 years is the average age of a vehicle right now, and that is driving it as well. on the sandy front, as we look at the stock numbers, the folks at ford say we are 30,000 additional sales industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that rec
neams were right in the path of super storm sandy. we are live on the ground in jersey. that's next. i've worked hard to build my family. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with sympts of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell your doctor right away if you have severe abdominal pain, or become constipated for three or more days. vesicare may cause blurred vision, so use caution while driving or doing unsafe tasks. common side effects are dry mouth, constipation, and indigestion. i've worked hard to get to where i am... and i've got better aces to go than a
in crisfield still suffering after hurricane sandy. that story as eyewitness news continues. >> sharon gibala here with wjz traffic control. if you're about to head out now is the time we usually start seeing delays on the road. right now over the tim. >> in for marty bass in the first warning weather center. the cold temperatures are settling in. your complete first warning weather forecast coming up. >> holiday movies are poping up all over tv. actor an dri mccarthy tells us about his. stay tuned the . >>> it is 6:30. it's a much colder morning than it's been any morning this week. that's live look at the southwest corner of the city. sharon will take care of the other roads and it's tim williams in for bernadette woods who is in for marty bass who is over at first warning weather. >> that gets us there. sure does. today our temperatures are on the cold side. we're looking at 28 degrees starting off. 24 now in oakland 29 elkin, 3 1 on the shore. our forecast high today in the mid 40s which is right on target for our normal high for this date which is around 47. your complete updated first w
in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hope. i don't think we're going to boom. we won't grow 4% we will grow between 2% and 3% real growth next year in 2013. fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight to ten years even on th
of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and i, i don't, i don't want to argue survival with anyone in japan about the history. i think we're past that. my whole purpose for being here is to listen, to honor the dead, to listen to the living and to see -- to do what i can to see this doesn't happen again. >> clifton truman daniel will join us sunday at 9 p.m. eastern on c-span3. >> now, a discussion of how the military and national security might be affected by spending cuts scheduled to take effect the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, admiral mike mullen, was joined by the chairmen of the senate house armed services committee. this is a little less than an hour. >> good afternoon. thank
liberty. despite surviving superstorm sandy the statue of liberty remains off limits to visitors. >> this is the "cbs morning news" for wednesday, december 5, 2012. >>> good morning. good to be with you. i'm terrell brown. we begin with negotiations to avert the so-called fiscal cliff both republicans and white house hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> re
there are fundamental lives at stake. when we filed this case, chris and sandy and jeff and paul had been together for ten years. now they have been together for almost 12, over 13 years. chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up with what you call a justification, some compelling reason. just chat on that point. you raised it. there's no compelling reason against giving the rights to people, the right to marriage. >> that's exactly right, chris. it's important to note in both of these cases, the united states government has refused to defend doma, the federal law that's now before this court, and when we filed the case right here in california, as one has to do, we sued the governor at the time, which was arnold schwarzenegger and our attorney general at the time, which was je
and sandy and jeff and paul had been together 10 years and now almost 12 years. chris and sandy's twin boys were just entering high school. when this case is heard, they'll be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. >> isn't it true when we had this in the court at the appellate forward nobody came forward because nobody could come up with a justification, compelling reason. you raised it. there's no compelling reason against giving the right to people the right to marriage. >> that's exactly right. important to note in both of these cases, the united states government has refused to defend doma, the federal law before this court. when we filed the case in california, as one has to do, we sued the governor at the time, arnold schwarzenegger and our attorney general at the time, jerry brown, the current governor. both responded by refusing to defend the case and ultimately joined our signed the case and said it was fundamentally and unconstitutional law and they weren't going to defend it. the judge i
barack obama today asked congress for billions to help new jersey recover from sandy. right after chris christie vetoed a key part of president obama's health care reform. that's next with governor howard dean. and later, the man who made the war on women legit. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearly indestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >>> the week before the storm, you were out there
sandy. right after chris christie vetoed a key part of president obama's health care reform. that's next with governor howard dean. and later, the man who made the war on women legit. >>> the week before the storm, you were out there, president obama couldn't lead his way out of a paper bag with a fist full of 20s and a tank. then right after the storm was i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> the week before the storm, you were out there, president obama couldn't lead his way out of a paper bag with a fist full of 20s and a tank. then right after the storm was over, you were like this man is a leader. doesn't that -- doesn't that tell you something about the game? what does t
over sandy relief money. he asked to prove $64 billion for the hard hit states like new york and new jersey. most of that money is meant to help the victims. $13 billion will be used to protect against future storms. but a democratic aide tells nbc news they don't expect republicans to hand over the money saying, quote, we're going to have to fight for it. >>> to the saturday weather now, snow is the word in parts of the country, washington state, a foot is expected to fall. a storm blanketing the midwest. nbc meteorologist dylan has the details. >> reporter: good morning, alex. not too many dry spots across the northern half of the country. it's snowy across michigan right now where most of the cold air is located. elsewhere we are seeing freezing rain in central and northern new england. rain moving through massachusetts right now, sprinkling in new york city. some heavier rain in southern ohio. the big story is the winter weather out through montana, through the dakotas and eventually spreading east into minnesota and eventually wisconsin later today. because of that we do have wi
that because of hurricane sandy, job creation might have been a little slower last month, the unemployment rate might have stayed a little bit higher. it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full time or working at all and when, sandy's impact did not show up in the overall numbers. but one thing did. as you mentioned, 350,000 people left the work force, about the same number stayed in, and that is what put downward pressure on the unemployment rate taking it down to 7.7. heather? heather: peter barnes reporting live from the white house, thank you. so what can the federal government do to kick start the economy and get more americans back to work in the new y
improvement for the auto industry. how hurricane sandy might've helped the car business. that's coming up next. and that new information on a murder suspect found dead in an alaska jail cell. why police say this man, who once tried to escape from courtroom, may be linked to a least seven other killings. [inaudible] but she loved it so much... i told her it was homemade. [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. jon: a fox news weather alert for you now. three back-to-back storms lashing parts of northern california this weekend creating quite a mess. in redwood city a huge tree completely knocks down a power line near one family's home. utility crews say this is why tens of thousands of people remain in the dark there. but the storm also producing a welcome sight. lots of snowy forecasters say actually helped contain many of the areas rising rivers. meteorologist maria molina live in the fox news weather center. >> jon, good to see you. that's right we saw a lot of heavy snow among higher elevations across portion
hurricane sandy will cost it over $1 billion, but will the impact on the fiscal cliff be even worse? the head of allstate is with me sitting down for a cnbc exclusive coming up in a few minutes. don't miss it. back in a moment. [ male announc] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's sol
before. remember, we had big jobless claims reports for a few weeks in a row because of hurricane sandy, superstorm sandy. it looks like those are coming down again. the big jobs report will be tomorrow, which will give us the real gauge of what's happen iin here. they expect only 77,000 jobs added. and the unemployment rate, they think, will tick back up to 8%. 77,000. why? because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people. >>> all morning we've been following major developments in both syria, in egypt and syria there are new fears that they could unleash nerve gas on some of the rebels. that's a report from nbc news, that syria is loading the component chemicals. cnn has not confirmed that report yet. egypt, protoasters have started to gather outside the presidential palace in cairo. lots of anger building after the new president gave himself extra powers. the protests were very violent last night. the clashes killed a
than expected in the wake of hurricane sandy and fiscal cliff anxiety. >> so it looks like sandy will not affect the numbers even after revisions. >> reporter: georgetown's harry holzer, former chief economist for the labor department. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month-- much of it holiday hiring, no doubt-- but a healthy 140,000 overall increase in the past three months. not all the new numbers were festive, however. construction shed 20,000 jobs, though perhaps influenced by sandy. manufacturing dropped 7,000. grinchier still, job growth in september and october was revised down by 49,000 jobs. and for all the talk of a lower unemployment rate, its explanation seemed to be that several hundred thousand more americans stopped looking for work in november and were counted out of the labor force. again, economist holtzer. >> this month's change was driven completely by the fact some people stopped loo
. >>> to the jobs report today. super storm sandy slammed the east coast but it looks like it didn't have all that much impact on the labor market. november jobs numbers coming in much stronger than expected. steve leisman who's had a very busy week here to talk about the numbers and put it in context for us. >> hi, sue. no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and there is no effect which brings us to the numbers which you could believe on face value as much as you can. they'll revise this again. they only come forward with 60% to 70% of the sample. unemployment rate falling 7.7% because largely a drop in the labor force. average hourly earnings up 0.2%. despite
before hurricane sandy. what is more, there are few if any indications they will get that that neck of the woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is still pushing for the president or democrats. well, the guy got reelected. you don't have to pretend any more, it upsets me, tye young, what do you make of this. >> neil thank you, we have wall street laying people off, main street laying people off, market flat lining up and down one week to the next. just like it was before it crashed in 2008, unemployment number 7 .9% that is very high, real unemployment maybe is almost 17%, and the washington post tells us that ignore it because of hurricane sandy, that is ridiculous. my clients are business owners, they tell me that the cost of living and cost of doing business is going up, the availability of business loans is nonexistence, they are battening down the hatches. that is the re
them some money. still to come, we'll get behind the wheel of hurricane sandy may have boosted the bottom line of automakers last month as americans replaced cars and trucks lost to the storm. we'll go inside the figures with the chief economist from the national automobile dealers association. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express [ maby december 22nd break from the holiday stress. for christmas delivery. >>> auto make irmaker sales for rise as consumers in the northeast replaced vehicles damaged or lost to hurricane sandy. sales also likely boosted by pent up demand. joining us is paul taylor at the national automobile dealers association. paul, good morning to you. how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the check
shopping season is going so far. we know that those november retail sales reflected sandy and some other one-time issues. what do you think really is happening behind the scenes in terms of what's happening for holiday shopping? >> well, i think it's the same story every year. the promotions start early, black friday's always a big weekend, this year was no different, and it depends on who you listen to nrf was very optimistic about the estimates, gallup was not so much, and then the sandy-related numbers. there are clear winners and losers here. it's the sandy blameathon, clearly, but some of the winners and losers walmart and limited. >> walmart and limited. who do you think is in trouble. we saw gap shares down by 7%. is that a reflection of the dividend they won't be paying or the special dividend. is there something more with what's going on with stores there? >> well, i think everybody's nervous now, certainly. again, after you saw the tough numbers in november, the question is, do retailers get nervous? do they press the pedal in terms of more and more promotions? gap yesterday wa
. i am talking about it saying i think it's good for this country. ruth is in sandy hook connecticut. >> good morning, bill. i am calling to say, please keep feeling guilty. >> why? >> because this adorable company does things to make sure that they don't pay taxes in the u.s. there is a thing called -- this was in "the new york times." it's double-dutch sandwich which reduces taxes by routing profits through irish subsidarbs like they are in i think arizona, even when they do things in california they manage to ship a part somewhere else. so they are one of the worst, even worse than wal-mart in terms of what they might have contributed to to. i take it that $24,000,000,000. >> they are avoiding in taxes . >> one little tiny thing, they have had the opportunity over the courses of the years to do things in a much safer way when they manufacture in china and all over the place. >> no. there have been stories about the working conditions in china which is another reason i am glad these jobs are coming here. ruth ruth, you make a good point.
the pull back because of hiring being depressed because of hurricane sandy. maybe you'll see some of that in the next month, but this was a strong report on its surface. digging in the numbers. look at the right side on that graphic, 14.4% underemployment. the percentage of people working, eligible in the work force, 63.6%, you want that higher, too. >> we also learned about 350,000 people last month simply gave up and stopped looking for work, and that potentially caused that little drop in the unemployment rate. >> that's right. that's important to note, too, 350,000 gave up working. these could be people that are retiring early, taking early social security and they're getting out of the labor market. it could also be people, wolf, who have been on extended unemployment benefits, they roll off the benefits, try to find work for a couple months, they don't, so they drop out, too. >> are the november numbers part of a trend we've been seeing? what does this portend down the road. >> you have on average 151,000 jobs a month, the monthly average. the last couple months before now w
. despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm in the face of sandy and fiscal cliff concerns, so that's good news. >> surprising exactly no one, the white house and republicans had different spin on the numbers. >> if congress does address the problems that it needs to address, concerning the fiscal cliff, if we have reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class we're going to see progress in this economy. >> the risk the president wants us to take increasing tax rates will hit many small businesse
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